what's Circle xReserve?
Circle xReserve is an interoperability infrastructure that enables blockchain teams, protocols, applications, and services to launch custom stablecoins fully backed 1:1 by USDC reserves. These stablecoins benefit from Circle's real-time attestations for transparency, minimizing trust assumptions through direct minting/redemption mechanisms tied to USDC. xReserve facilitates seamless cross-chain liquidity and user experience by integrating with Circle's protocols like CCTP (Cross-Chain Transfer Protocol) and Gateway, allowing frictionless 1:1 swaps between USDC and xReserve-backed stablecoins without third-party bridges. It supports deployments on various networks, as seen in launches like USDCx on Aleo and integrations with Canton Network and Stacks.
xReserve infrastructure's first integration with Aleo for USDCx stablecoin launch on Testnet.
Launched USDCx on Stacks network via integration with Circle xReserve.
Initiated a 30-day incentive program offering up to $10,000 in STX rewards through bounties and sprints on Zealy, starting on 2026-02-24.
Aleo launches USDCx on Aleo Testnet via Circle xReserve, marking the first integration of xReserve infrastructure with a blockchain project for a USDC-backed stablecoin.
Circle launches xReserve, new infrastructure that enables teams to issue USDC-backed stablecoins.